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Gelfand Realty Miami Properties - Multi Family

227 7TH NE, ST PETERSBURG, FL 33701

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Multi Family - OLD NORTHEAST / BAY SHORE

227 7TH NE, ST PETERSBURG, FL 33701

Sold Price$845,000 Asking Price$999,000

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  • Days on market:

    107 day(s)
  • Original Price:

    $999,000
  • Price per sqft:

    $154.17
  • Tax Legal Description:

    BAY SHORE BLK 5, LOT 9 & E 45FT OF LOT 8
  • Tax Year:

    2014
  • Property Type:

    Multi Family
  • Parking:

    None Guest
  • Construction Type:

    Wood Frame (FSC Certified)
  • Roof:

    Shingle
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Wall Units / Window Unit
  • Floor Description:

    Carpet Hardwood
  • Interior Features:

    Ceiling Fan(s)
  • Equipment/Appliances:

    DishwasherRefrigeratorFreezer
  • Special Listing Conditions:

    None
  • Lot Features:

    Oversized LotCity Lot

Description

$999,000 • living size area 6480 sqft

Here is a very unique property with endless possibilities as it is currently zoned for 10-49 units. this 11 unit apartment complex sits in the heart of old northeast on beautiful brick streets, only a few short blocks from the vinoy resort and marina, st. petersburg’s vibrant downtown area and the new sundial shopping center. three building sit on the oversized lot with plenty of room for parking or to expand. current gross income is $89k+ with plenty of upside and always offers 100% occupancy. run a bed and breakfast out of this gorgeous property at $150 a night and gross $600k+ a year. a courtyard with lush landscaping sits between the 2 buildings and is a great common area for guests to enjoy. coin laundry in the third building offers even more income for new owner. all apartments have been meticulously maintained and are ready for new owners. opportunities like this don't come around often in old ne so give us a call today for viewing.

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